The release
Released by the Bureau of Economic Analysis on 31 March 2023 at 8:30 AM EDT. The Personal Income and Outlays came in at 0.6% for February 2023, against 0.6% in January 2023. Personal income is still rising, but more slowly than before.
It arrived at the same moment as Personal Consumption Expenditures and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.
How POL (prev. MATIC) moved
POL (prev. MATIC) was at $1.0800 when the figure came out. Fifteen minutes later it was 0.93% higher, and an hour later 1.85% higher. Its high-to-low range in the hour after was 1.85% of its price, against 0.93% in the hour before.
Measured by Clometrix
POL (prev. MATIC)'s volume ratio was 4.30x, against a typical 2.13x. Its volatility ratio could not be measured: the price barely moved through the rest of the day, so there is no ordinary quarter hour to compare against. The ratio compares the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change.
What made it matter
Since 2021, Personal Income releases in the two weeks before a Fed decision have moved POL (prev. MATIC) more than those at other times: a median volatility ratio of 1.93x across 17, against 1.51x across 51. This one was not within two weeks of a Fed decision.
Its record
Across 68 Personal Income releases since 2021, POL (prev. MATIC)'s median volatility ratio is 1.60x.
Minute by minute
Each row is the time after the release, with the same length of time before it for comparison.
| After | High | Low | Close | Change | Range | Range before | Volume |
|---|---|---|---|---|---|---|---|
| 1 minute | 1.09 | 1.08 | 1.09 | 0.92% | 0.92% | 0.92% | 428,620 POL |
| 5 minutes | 1.10 | 1.08 | 1.10 | 1.82% | 1.82% | 0.92% | 1.153M POL |
| 10 minutes | 1.10 | 1.08 | 1.09 | 0.92% | 1.82% | 0.92% | 1.652M POL |
| 15 minutes | 1.10 | 1.08 | 1.09 | 0.92% | 1.82% | 0.92% | 1.973M POL |
| 30 minutes | 1.10 | 1.08 | 1.09 | 0.92% | 1.82% | 0.92% | 2.625M POL |
| 1 hour | 1.10 | 1.08 | 1.10 | 1.82% | 1.82% | 0.92% | 4.463M POL |
| 2 hours | 1.11 | 1.08 | 1.10 | 1.82% | 2.70% | 0.92% | 11.61M POL |
| 4 hours | 1.12 | 1.08 | 1.11 | 2.70% | 3.57% | 0.92% | 17.744M POL |
| 6 hours | 1.12 | 1.08 | 1.10 | 1.82% | 3.57% | 1.83% | 21.018M POL |
| 8 hours | 1.12 | 1.08 | 1.11 | 2.70% | 3.57% | 3.60% | 23.691M POL |
| 12 hours | 1.12 | 1.08 | 1.12 | 3.57% | 3.57% | 3.60% | 33.755M POL |
Every coin at this release
| Coin | Price swing | Usual for Personal Income | Reaction |
|---|---|---|---|
| Bitcoin | 3.65x | 2.03x | Strong |
| Ethereum | 4.87x | 1.77x | Exceptional |
| XRP | 1.94x | 1.81x | Ordinary |
| BNB | 3.01x | 1.75x | Strong |
| Solana | 3.43x | 1.57x | Exceptional |
| Dogecoin | 2.80x | 1.52x | Strong |
| TRON | 1.40x | 1.43x | Quiet |
| Cardano | 1.91x | 1.90x | Ordinary |
| Chainlink | 2.80x | 1.62x | Strong |
| Bitcoin Cash | 4.81x | 1.69x | Exceptional |
| Hedera | 1.00x | 1.51x | Quiet |
| Avalanche | 3.19x | 1.55x | Exceptional |
| Litecoin | 3.90x | 1.64x | Exceptional |
| Shiba Inu | 1.77x | 1.75x | Ordinary |
| Uniswap | 7.61x | 1.49x | Exceptional |
| Polkadot | 3.49x | 1.50x | Exceptional |
| Aave | 2.36x | 1.58x | Strong |
| NEAR Protocol | 2.06x | 1.43x | Strong |
| Aptos | 1.70x | 1.73x | Ordinary |
| Internet Computer | 2.45x | 1.50x | Strong |
| POL (prev. MATIC) | Not measured | 1.60x | - |
| Filecoin | 3.49x | 1.51x | Exceptional |
What is the Personal Income and Outlays?
Personal Income measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity.
X
LinkedIn
Reddit
Telegram
WhatsAppDisclaimer
The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.